The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALASKA AIR GROUP INC COM 011659109   5,047,543 130,209 SH   SOLE   0 0 130,209
ALCON AG ORD SHS H01301128   582,972 7,800 SH   SOLE   0 0 7,800
APA CORPORATION COM 03743Q108   5,159,517 166,430 SH   SOLE   0 0 166,430
APPLE INC COM 037833100   338,324 2,188 SH   SOLE   0 0 2,188
BEYOND INC COM 690370101   7,010,411 216,325 SH   SOLE   0 0 216,325
D R HORTON INC COM 23331A109   10,215,825 68,850 SH   SOLE   0 0 68,850
DISNEY WALT CO COM 254687106   5,584,357 50,613 SH   SOLE   0 0 50,613
DOW INC COM 260557103   6,181,160 118,330 SH   SOLE   0 0 118,330
ISHARES INC MSCI PAC JP ETF 464286665   364,216 9,435 SH   SOLE   0 0 9,435
ISHARES INC MSCI JPN ETF NEW 46434G822   913,595 14,200 SH   SOLE   0 0 14,200
ISHARES TR EUROPE ETF 464287861   851,120 16,955 SH   SOLE   0 0 16,955
ISHARES TR MSCI AC ASIA ETF 464288182   691,434 11,318 SH   SOLE   0 0 11,318
ISHARES TR HDG MSCI JAPAN 46434V886   6,792,887 179,150 SH   SOLE   0 0 179,150
LIBERTY MEDIA CORP DEL COM LBTY LIV S A 531229748   1,555,352 40,729 SH   SOLE   0 0 40,729
LIBERTY MEDIA CORP DEL COM LBTY SRM S A 531229813   4,349,247 162,400 SH   SOLE   0 0 162,400
LOGITECH INTL S A SHS H50430232   1,524,749 18,880 SH   SOLE   0 0 18,880
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100   7,256,768 78,683 SH   SOLE   0 0 78,683
MARATHON PETE CORP COM 56585A102   10,486,616 57,715 SH   SOLE   0 0 57,715
MICROSOFT CORP COM 594918104   242,798 640 SH   SOLE   0 0 640
ROYAL CARIBBEAN GROUP COM V7780T103   11,496,298 91,715 SH   SOLE   0 0 91,715
SPDR GOLD TR GOLD SHS 78463V107   5,518,678 29,750 SH   SOLE   0 0 29,750
SPDR INDEX SHS FDS S&P CHINA ETF 78463X400   5,225,485 88,097 SH   SOLE   0 0 88,097
SPDR S&P 500 ETF TR TR UNIT 78462F103   390,169 827 SH   SOLE   0 0 827
STELLANTIS N.V SHS N82405106   8,105,176 319,840 SH   SOLE   0 0 319,840
TAPESTRY INC COM 876030107   4,100,906 95,785 SH   SOLE   0 0 95,785
TECHNIPFMC PLC COM G87110105   185,666 8,200 SH   SOLE   0 0 8,200
UBS GROUP AG SHS H42097107   388,360 14,000 SH   SOLE   0 0 14,000
VALERO ENERGY CORP COM 91913Y100   10,729,383 69,710 SH   SOLE   0 0 69,710